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Pultegroup vs NVR: PHM and NVR compared

Pultegroup is the larger company: $4.0B of revenue in its latest quarter (Q3 2026) against $2.4B for NVR (Q3 2026). NVR is growing faster (-8% against -10% a year earlier). Pultegroup is more profitable, with an operating margin of 15.7% against 13.9%.

Pultegroup vs NVR, latest quarterPultegroup vs NVR, latest quarterPultegroup (PHM)NVR (NVR)Revenue$4.0B$2.4BRevenue growth, Y/Y-10%-8%Operating margin15.7%13.9%Net margin12.0%10.3%Free cash flow$437M$205M

Where the money goes: PHM and NVR

Pultegroup (PHM) · Q3 2026

Pultegroup, Q3 2026: revenue $4.0B (-10% year over year), operating margin 15.7%, net earnings $476M, operating cash flow $460M. The chart follows the revenue to costs, profit and cash.

NVR (NVR) · Q3 2026

NVR, Q3 2026: revenue $2.4B (-8% year over year), operating margin 13.9%, net earnings $249M, operating cash flow $224M. The chart follows the revenue to costs, profit and cash.

NVR revenue by segment, Q3 2026NVR revenue by segment, Q3 2026Home Building Segment$2.3BMortgage Banking$53.1M
Pultegroup (PHM)NVR (NVR)
Latest quarterQ3 2026Q3 2026
Revenue$4.0B$2.4B
Revenue growth, Y/Y-10%-8%
Operating margin15.7%13.9%
Net earnings$476M$249M
Net margin12.0%10.3%
Operating cash flow$460M$224M
Free cash flow$437M$205M
Market value$25.4B$17.5B
P/E14.4×17.4×
Analysts’ mean target$132.41$6229.67

Where the revenue comes from

NVR

Questions

Which is bigger, Pultegroup or NVR?

Pultegroup is the larger company: $4.0B of revenue in its latest quarter (Q3 2026) against $2.4B for NVR (Q3 2026).

Is Pultegroup or NVR growing faster?

NVR is growing faster (-8% against -10% a year earlier).

Which is more profitable, Pultegroup or NVR?

Pultegroup is more profitable, with an operating margin of 15.7% against 13.9%.

More: Pultegroup earnings · how Pultegroup makes money · NVR earnings · how NVR makes money

From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 22, 2026; 10-Q filed Nov 4, 2026). Fiscal quarters can end on different dates. Not investment advice.